IXC 16.9% 9.0¢ invex therapeutics ltd

Having some time to digest this, I am thinking the FDA road...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,417 Posts.
    lightbulb Created with Sketch. 282
    Having some time to digest this, I am thinking the FDA road block may be a blessing in disguise. Being forced to run the trial in Europe we can potentially be making money and selling the drug by 2023 (if all goes to plan). The MC strengthens to a conservative $300mil and then we either attack the USA again or sell it to a big pharma and collect multiples on that. Yes it diverts from their original plan of packaging it up for a buy out right after phase 3 but if this management team is any good (and I think they are) they will adjust and make it work for all involved. Next few weeks will be crucial as to where IXC ends up.
 
watchlist Created with Sketch. Add IXC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.